ORENINC INDEX – May 6th, 2024

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ORENINC INDEX – Monday, May 6th, 2024

North America’s leading junior mining finance data provider

Last Week: 40.76

This week: 77.81

Summary:

  • The number of financings increased to 62.
  • Two brokered financings were announced this week for $10.5m, a 5-week low.
  • One bought deal financing was announced this week for $7.5m, a 2-week high.
  • Total dollars heightened to $123m, a 3-week high.
  • The average offer lessened to $2m, a 5-week low.

Major Financing Openings:

  • Adventus Mining Corp. (TSX-V:ADZN) opened a $25.63 million offering on a best-efforts basis.
  • Liberty Gold Corp. (TSX:LGD) opened a $9.5 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about May 17, 2024.
  • Highlander Silver Corp. (CSE:HSLV) opened a $9.23 million offering on a best-efforts basis.
  • F3 Uranium Corp. (TSX-V:FUU) opened a $7.5 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about May 23, 2024.

Major Financing Closings:

  • Nouveau Monde Graphite Inc. (TSX-V:NOU) closed a $51.32 million offering on a best-efforts basis.
  • Western Copper and Gold Corporation (TSX-V:WRN) closed a $46 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. The deal is expected to close on or about April 30, 2024.
  • Adventus Mining Corp. (TSX-V:ADZN) closed a $25.63 million offering on a best-efforts basis.
  • Abrasilver Resource Corp. (TSX-V:ABRA) closed a $20 million offering on a best-efforts basis. The deal is expected to close on or about April 26, 2024.

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